Boeing, Bitcoin ETF, and SEC hack; Hertz is getting rid of electric vehicles


– Boeing and Alaska Airlines crisis worsened after a false door exploded mid-flight

– Bitcoin gets an ETF for the first time ever after it was finally approved by the Securities and Exchange Commission (SEC); The move came after an embarrassing cybersecurity breach

-Hertz surrenders to electric vehicles

– High consumer inflation rates… again

-The Tax Authority sets new dates for the 2024 tax season

Main story: Boeing Alaska Airlines: Boeing and Alaska Air are facing mounting problems after a panel came off the plane 16,000 feet in the air. Although there were no deaths, the fallout was fierce from the FAA, flight cancellations and passenger lawsuits…Continue reading here.

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Investigation into Alaska Airlines Flight 1282 aboard a Boeing 737-9 MAX in Portland, Oregon.

video: Boeing CEO Dave Calhoun gets emotional at an all-hands employee meeting.

Boeing shares fall 12% for one week

Blessed Bitcoin: After years of tossing and turning in the wind, the SEC has finally approved Bitcoin exchange-traded funds…Continue reading here.

Before the move, Bitcoin topped $47,000 before falling by the end of the week. However, many see the approval as a bullish sign for cryptocurrencies.

video: Grayscale CEO Michael Sonnenshein talks about his role in helping get approval.

Live crypto prices: FOXBUSINESS.COM

Embarrassing hack: Before the expected approval, hackers hijacked X’s SEC account. After the frenzy, the SEC said her account had been “compromised,” while X said an internal investigation had cleared Elon Musk’s platform of any violations. The Federal Bureau of Investigation (FBI) is investigating the incident.…Continue reading here.

SEC Chairman Gary Gensler participates in a meeting of the Financial Stability Oversight Board at the U.S. Department of the Treasury on July 28, 2023 in Washington, DC. The Board met to provide an update on the Board's Climate-Related Financial Risk Committee and spoke about the transition from LIBOR. (Photo by Kevin Deitch/Getty Images)

SEC Chairman Gary Gensler participates in a meeting of the US Treasury’s Financial Stability Oversight Board on July 28, 2023 in Washington, D.C.

video: ARK Invest’s Cathie Wood talks about her Bitcoin ETF and the SEC scam.

Hertz reverses course: It was good while it lasted, but now Hertz has retired electric cars and will sell 20k in favor of gasoline cars…Continue reading here.

Inflation cooking: Consumer inflation is rising again, partly due to housing costs, which could present a dilemma for the Federal Reserve and its plans to lower interest rates.…Continue reading here.

Family homes are being built on a residential street

Contractors work on a home under construction in Antioch, California.

video: One investor says the Fed is looking at potential pressure.

Track inflation

Tax time! Uncle Sam’s IRS has released a series of updates for this year’s tax season, including key dates and filing details… Find out what you need to know here.

Uncle Sam

A wax replica of Uncle Sam centered around “Madame Tussauds Wants You!” An exhibit where Independence Day is celebrated every day with a brand new interactive experience on July 18, 2016 in Washington, D.C.

Stock recovery: The Nasdaq Composite Index led the weekly gains for US stocks, rising 3%, while the Dow Jones Industrial Average and S&P 500 also rose.More market coverage here.

Nasdaq Composite 1-Week +3%

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Original article source: Boeing, Bitcoin ETF, and SEC hack; Hertz is getting rid of electric vehicles

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